Republicans plan to “rein in” social security and Medicare if they take control of congress

[Anonymous]

Anonymous wrote:

Anonymous wrote:They are banking on Baby Boomers to be more wedded to culture wars than their bank accounts.

I don't know why any Baby Boomer would vote for a Republican knowing this plan....but the GOP elite are betting they will. Identity politics are a drug.

If it's anything like past republican plans to reform social security, it will exempt anyone within 20 years of retirement

As someone under 45, I’ll be voting anyone proposing this. Why should the generation who refused to adequately fund these programs get the full benefits while sticking our generation with their bill. If there are cuts, then they need to apply across the board.

[Anonymous]

This will be a great issue for Biden


Republicans are so stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They are banking on Baby Boomers to be more wedded to culture wars than their bank accounts.

I don't know why any Baby Boomer would vote for a Republican knowing this plan....but the GOP elite are betting they will. Identity politics are a drug.

If it's anything like past republican plans to reform social security, it will exempt anyone within 20 years of retirement

As someone under 45, I’ll be voting anyone proposing this. Why should the generation who refused to adequately fund these programs get the full benefits while sticking our generation with their bill. If there are cuts, then they need to apply across the board.

Because you'll be punishing those of that "generation" who didn't agree with refusing to adequately fund these programs, who voted against politicians who refused to fund them, who worked hard and need the money, that's why.

Like my parents who over the past 50 years have volunteered in local politics to try to get Democrats elected, not always succeeding. They made modest money working hard, lived modestly, saved where they could, and now are counting on SS to make up the rest. Why are you trying to punish my parents?

[Anonymous]

Get rid of it give millennials a refund

[Anonymous]

Anonymous wrote:

Anonymous wrote:Interesting article in NYTimes re Republican plan to reduce federal deficit by cutting social security and Medicare. First time I’ve ever seen the plan so clearly articulated.

“WASHINGTON — Congressional Republicans, eyeing a midterm election victory that could hand them control of the House and the Senate, have embraced plans to reduce federal spending on Social Security and Medicare, including cutting benefits for some retirees and raising the retirement age for both safety net programs.”

Granted the push to get rid of ACA foundered, but surprising that Republicans would have this as a policy position. Or that people would vote for this.

Yes this needs to be done ASAP for the long term health of the program. I really doubt anyone over 55 right now will have anything changed. Below 55 --- lots of changes --- age, benefits, increased contributions.

Why would I want to pay MORE into a broken system with less benefits and higher retirement age?

[Anonymous]

I'm 52 and paid *a lot* into the system. I'd better get my money back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Interesting article in NYTimes re Republican plan to reduce federal deficit by cutting social security and Medicare. First time I’ve ever seen the plan so clearly articulated.

“WASHINGTON — Congressional Republicans, eyeing a midterm election victory that could hand them control of the House and the Senate, have embraced plans to reduce federal spending on Social Security and Medicare, including cutting benefits for some retirees and raising the retirement age for both safety net programs.”

Granted the push to get rid of ACA foundered, but surprising that Republicans would have this as a policy position. Or that people would vote for this.

Yes this needs to be done ASAP for the long term health of the program. I really doubt anyone over 55 right now will have anything changed. Below 55 --- lots of changes --- age, benefits, increased contributions.

Why would I want to pay MORE into a broken system with less benefits and higher retirement age?

Many of us didn't want to pay into the system, but it was required. The govt shouldn't have been using the money for other purposes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They are banking on Baby Boomers to be more wedded to culture wars than their bank accounts.

I don't know why any Baby Boomer would vote for a Republican knowing this plan....but the GOP elite are betting they will. Identity politics are a drug.

If it's anything like past republican plans to reform social security, it will exempt anyone within 20 years of retirement

As someone under 45, I’ll be voting anyone proposing this. Why should the generation who refused to adequately fund these programs get the full benefits while sticking our generation with their bill. If there are cuts, then they need to apply across the board.

Because you'll be punishing those of that "generation" who didn't agree with refusing to adequately fund these programs, who voted against politicians who refused to fund them, who worked hard and need the money, that's why.

Like my parents who over the past 50 years have volunteered in local politics to try to get Democrats elected, not always succeeding. They made modest money working hard, lived modestly, saved where they could, and now are counting on SS to make up the rest. Why are you trying to punish my parents?

It’s not about punishment. It’s about equitable distribution of cuts. Your parents shouldn’t get spared while the rest of us get hit with the bill and the cuts.

[Anonymous]

Anonymous wrote:They are banking on Baby Boomers to be more wedded to culture wars than their bank accounts.

I don't know why any Baby Boomer would vote for a Republican knowing this plan....but the GOP elite are betting they will. Identity politics are a drug.

Exactly. Dummies vote against their self interest. There is no cure for stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Money losing ponzi scams that provide horrendous ROI. It is absolutely irresponsible that discussions around reforming and cutting SS/medicare refuse to take place, because they're going to bankrupt the country.

Programs that people who have worked hard pay into. Now, if you want to means test it, I'm all for that. Why does anyone making over 400k need SS? I'll tell you why. They will say "I earned it!"

People pay into a lot of stupid things.....your using sunk cost fallacy. SS will bankrupt the country. The only fair option is to evenly distributelsses and gradually phase out the program. .

Social Security will not bankrupt the country. Stop spewing Rightwing talking points. Do you know what seniors do with that money? They SPEND EVERY PENNY. Yep, every single cent goes back into the eConOmY.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The GOP has been promising to cut social security and Medicare for years, and yet the Republicans I know, who are completely dependent on social security to live, still keep on voting for the GOP. It boggles the mind.

At this point, I'm think if that's what they want to get, that's what they are going to get.

Reagan actually increased taxes to pay for medicare, and Rs were fine with that. Gosh, I wonder why.

They aren't the sharpest tools in the shed anymore.

[Anonymous]

My government teacher in high school said they would kill social security for us GenXers.


I always knew the GOP wouldn’t be happy until American seniors were eating cat food!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They are banking on Baby Boomers to be more wedded to culture wars than their bank accounts.

I don't know why any Baby Boomer would vote for a Republican knowing this plan....but the GOP elite are betting they will. Identity politics are a drug.

If it's anything like past republican plans to reform social security, it will exempt anyone within 20 years of retirement

As someone under 45, I’ll be voting anyone proposing this. Why should the generation who refused to adequately fund these programs get the full benefits while sticking our generation with their bill. If there are cuts, then they need to apply across the board.

Because you'll be punishing those of that "generation" who didn't agree with refusing to adequately fund these programs, who voted against politicians who refused to fund them, who worked hard and need the money, that's why.

Like my parents who over the past 50 years have volunteered in local politics to try to get Democrats elected, not always succeeding. They made modest money working hard, lived modestly, saved where they could, and now are counting on SS to make up the rest. Why are you trying to punish my parents?

It’s not about punishment. It’s about equitable distribution of cuts. Your parents shouldn’t get spared while the rest of us get hit with the bill and the cuts.

A potential cut is not the same as having earned income withheld for 30-40 years and then not get what was expected

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They are banking on Baby Boomers to be more wedded to culture wars than their bank accounts.

I don't know why any Baby Boomer would vote for a Republican knowing this plan....but the GOP elite are betting they will. Identity politics are a drug.

If it's anything like past republican plans to reform social security, it will exempt anyone within 20 years of retirement

As someone under 45, I’ll be voting anyone proposing this. Why should the generation who refused to adequately fund these programs get the full benefits while sticking our generation with their bill. If there are cuts, then they need to apply across the board.

+1,000,000,000

Someone gets it. Why should Millennials and GenZ have to eat gigantic losses because Boomers refused to do anything about it and only set themselves up for cushy retirements through nothing more than gigantic transfers of wealth from the going to the old? Boomers already fattened themselves up on the trough of prosperity while simultaneously ruining the country. Payback is a B, and they will get their benefits cut. Why would any sane young person vote to keep the status quo for SS that's going to decimate the country for younger generations. I will vote for any politician who runs on a policy of cutting SS taxes, reducing benefits, and phasing it out all together. It is a money losing Ponzi scam and a much worse deal for younger people.

Distributing the losses equally is the only fair way. This is what happens when the stupid govt over promises and can't deliver on a gigantic bureaucratic program that is wildly inefficient and provides negative ROI. Gee, who'd have ever guessed that the govt stinks with your money?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good. Money losing ponzi scams that provide horrendous ROI. It is absolutely irresponsible that discussions around reforming and cutting SS/medicare refuse to take place, because they're going to bankrupt the country.

Programs that people who have worked hard pay into. Now, if you want to means test it, I'm all for that. Why does anyone making over 400k need SS? I'll tell you why. They will say "I earned it!"

People pay into a lot of stupid things.....your using sunk cost fallacy. SS will bankrupt the country. The only fair option is to evenly distributelsses and gradually phase out the program. .

Social Security will not bankrupt the country. Stop spewing Rightwing talking points. Do you know what seniors do with that money? They SPEND EVERY PENNY. Yep, every single cent goes back into the eConOmY.

Keep living in lala land:

https://www.nytimes.com/2021/08/31/business/economy/social-security-funding.html
https://www.washingtonpost.com/business/2021/09/03/social-security-insolvency/
https://www.pbs.org/newshour/health/medicare-and-social-security-stay-on-unsustainable-financial-paths-reports-show